NUFARM LIMITED — Major Shareholding Notification 2007

Apr 19, 2007

$\operatorname{Wallara}$

Assel Management Pty Ltd

Level 3
100 Collins Street Melbourne 3000 Tel: (03) 9654 9500 Fax: (03) 9654 9600

	ATTENTION : ASX Announcements Office	DATE	$\div$ 20 April 2007
		FAX NUMBER : 1900 999 279
FROM .	: Glen Thomson	TOTAL PAGES Including Header : 4
	IF YOU DO NOT RECEIVE ALL PAGES, PLEASE TELEPHONE IMMEDIATELY

Dear Sir / Madam,

Please find attached Wallara Asset Management's Form 605: Notice of Ceasing to be a Substantial Holder in Nufarm Limited.

Kind regards

$\mathcal{B}_{\text{beam}}$

Glen Thomson Company Secretary

AFS Licence No: 246547

605 page 1/2 15 July 2001

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	NUFARM LIMITED
ACN/ARSN	091 323312

1. Details of substantial holder(1)

Name	WALLARA ASSET MAMAGEMENT PTY LTD
ACN/ARSN (if applicable)	070, 367, 341
The holder ceased to be a substantial holder on	17/4/07
The previous notice was given to the company on	5/5/26

$315106$

2. Changes in relevant interests

The previous notice was dated

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme. Since the
substantial holder was last required

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change(5)	Class (6) and number of securities affected	Person's votes affected
	REFER AMERURE A

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) . .	Nature of association

4. Addresses

The addresses of persons named in this form are as follows:

Name $\cdots$	Address
WALLACA ASSET MANAGEMENT	LOVEL 3, I DO COLLINS STREET,
-SFB $\cdots$	MELBOURNE, VIC, 3000

Signature

print name GLEN THEMSON	capacity COMPANY SECRETALY
sign here Showns	date $20/4$ / 07

ANNEXURE A: CHANGES IN RELEVANT INTERESTS

Wallara Asset Management Pty Ltd
ABN: 15 070 367 341

	Class of
Holder of relevant interest	securities	Name of security
Wallara Asset Management Pty Ltd	Ordinary	Nufarm Limited
		No. of securities &	Cash	Non-cash
Nature of change	Trade date	votes affected	consideration	consideration
Purchase	10/05/2006	96,021	1,060,455
	11/05/2006	312,163	3,441,013
	17/05/2006	100,000	1,096,688
	18/05/2006	105,685	1,133,620
	25/05/2006	102,910	1,104,770
	07/06/2006	17,380	185,091
	03/07/2006	5,800	58,995
	14/07/2006	11,400	107,785
	18/07/2006	7,280	68,739
	27/07/2006	6,320	57,749
	04/08/2006	11,210	105,894
	08/08/2006	36,900	350 919
	09/08/2006	1,120	10,606
	15/08/2006	580	5.464
	04/09/2006	50,120	528,736
	13/09/2006	15,920	155.345
	19/09/2006	3,450	33 7 30
	25/09/2006	9,950	94,420
	29/09/2006	11,200	109.822
	03/10/2006	6,290	61,735
	05/10/2006	560	5,473
	05/09/2006	23,580	249,043
	17/10/2006	3,000	29,410
	25/10/2006	60,660	601 747
	31/10/2006	810	7,984
	14/11/2006	582	5.720
	21/11/2006	690	6,624
	23/11/2006	6,340	60,824
	08/05/2006	58,463	645,993
	09/05/2006	100,000	1,112,381
	22/05/2006	35,000	375,881
	29/05/2006	4,000	43,659
	15/06/2006	700	7,120
	18/12/2006	1,460	14,833
	19/12/2006	520	5,323
	16/01/2007	450	4,980
	02/02/2007	530	5,831
	06/02/2007 05/04/2007	630	7,070
Purchase Total		1,723 1.211.397	22,060 12.983.531

This is annexure A of 2 pages referred to in Form 605 Page 1 of 2

Shown
20 |4 (2007 Signed:

Date:

		No. of securities &	Cash	Non-cash
Nature of change	Trade date	votes affected consideration		consideration
Sale	23/05/2006	(1,280)	(13, 672)
	25/05/2006	(11,000)	(118, 251)
	16/06/2006	(500)	(5,062)
	22/06/2006 28/06/2006	(480)	(4.782)
	05/07/2006	(4,070)	(38, 819)
	12/07/2006	(18, 790)	(189, 509)
	13/07/2006	(1, 110) (68,000)	(10, 607) (644, 732)
	08/08/2006	(36,900)	(350, 919)
	03/08/2006	(12, 420)	(119, 552)
	24/08/2006	(1,672)	(16, 394)
	25/08/2006	(3, 200)	(31, 684)
	08/09/2006	(200)	(1,906)
	13/10/2006	(6,420)	(64, 189)
	16/10/2006	(650,000)	(6,320,072)
	20/10/2006	(570)	(5.522)
	26/06/2006	(36, 840)	(365, 333)
	17/08/2006	(150)	(1, 460)
	09/10/2006	(530)	(5,263)
	09/01/2007	(510)	(5,226)
	16/01/2007	(3,030)	(33, 456)
	18/01/2007	(100,000)	(1, 106, 721)
	19/01/2007 24/01/2007	(100,000)	(1.109.408)
	02/02/2007	(10,690)	(118, 806)
	14/02/2007	(65, 890) (450)	(723, 153)
	20/02/2007	(7.490)	(5,034) (85, 428)
	14/03/2007	(26,000)	(322, 468)
	16/03/2007	(14,000)	(166, 273)
	19/03/2007	(450)	(5.209)
	20/03/2007	(12,000)	(148.062)
	21/03/2007	(11, 965)	(145, 659)
	30/03/2007	(118,079)	(1,464,022)
	12/04/2007	(10, 850)	(146, 743)
	13/04/2007	(67,000)	(889,050)
	16/04/2007	(68,000)	(917, 123)
	17/04/2007	(165,000)	(2,203,603)
Sale Total		(1,635,536)	(17,903,171)
Transfer in	13/07/2006	174,016		1,679,254
	21/07/2006	56,267		528,910
	05/09/2006	346, 122		3,644,665
	25/10/2006	95,891		937,814
Transfer in Total		672,296		6,790,643
Transfer out	17/05/2006	(68, 700)		(756, 387)
	03/08/2006	(61, 367)		(534, 507)
	28/08/2006	(139, 341)		(1,414,311)
	08/02/2007	(38,040)		(427, 950)
Transfer out Total	14/03/2007	(53, 520)		(679, 704)
Grand Total		(360, 968)		(3,812,859)
		(112, 811)	(4,919,640)	2,977,784

This is annexure A of 2 pages referred to in Form 605
Page 2 of 2

Signed:

Avann
aol4/2007.

Date: